This collection gathers the words of the casco world in one place – each one in a single clear sentence, with a link through to a deeper article wherever one exists. Tip: use the magnifying-glass button in the header to search directly for any term.
- Every term gets one sentence – the depth comes from the linked articles.
- The quick-start version (15 key terms) lives in its own article: the basics in minutes.
- Missing a word? Let me know – this collection is a living one, and it keeps growing.
A–C
Accident statement: the blue-and-yellow form recording the facts of a collision – not an admission of liability. Actual cash value: the vehicle's market value immediately before the loss. Assignment: (partial) redirection of the payout to the lender – see the credit/lease article. Assistance: roadside help for breakdowns, faults or accidents – covering towing and onward travel, subject to limits. Baggage cover: additional cover for personal belongings carried in the car – see the article. Bonus-malus: MTPL's no-claims rating system – casco typically runs its own discount logic instead. Casco: voluntary property cover for damage to your own vehicle – see the introductory article. Certificate of cover: a document confirming the policy is in force – a lender or authority may request it. Claims history: your record of past claims – it can affect pricing. Claims inspection: the insurer's expert assessment of the damage – see the article. Condition survey (inspection): recording the vehicle's condition when the policy is taken out – typical for used cars.
D–I
Deductible (önrész): the part of the loss you bear yourself – see the article. Depreciation (avultatás): a deduction from the payout for the age of certain parts – see the in-depth article. Direct claims settlement: when the non-at-fault party settles the claim through their own insurer – an MTPL concept, a topic for kotelezo.biz. Duty of disclosure: the obligation to give accurate information when taking out cover, and whenever it changes. Economic total loss: repair costs disproportionate to the vehicle's value – see the article. Exclusion: an event or circumstance the cover does not extend to – see the map. GAP cover: bridges the gap between the purchase price and the value at the time of loss in a total-loss case – see the article. Glass damage: damage to the vehicle's glass surfaces – see the article. Insured event: a covered loss event as defined in the policy terms. Invoice-based settlement: repair costs reimbursed against the garage invoice – see the article.
K–P
Keeper: the operator recorded in the vehicle registration document. Lien / lienholder: the lender's security right over the vehicle – the counterpart concept to assignment. Limit: the upper cap on the payout for a given cover or item. Loss mitigation: your duty to prevent a loss from getting worse. MTPL: mandatory motor third-party liability insurance, covering damage you cause to others – see the mirror article. Natural peril damage: damage caused by storm, hail, flood, lightning or fire – see the article. Partial casco: a narrower scope of cover, typically theft plus natural perils – see the article. Policyholder: the person who takes out the policy and pays the premium – see the roles article.
R–Z
Recourse (recovery claim): the insurer's right to reclaim a paid-out amount, e.g. after a drink-driving loss. Replacement car cover: a courtesy car while yours is being repaired, subject to a daily limit. Robbery: the vehicle taken by force or threat. Salvage value (wreck value): the value of the damaged vehicle, deducted from the total-loss payout. Security requirement: the level of protection (alarm, immobiliser) required as a condition of theft cover. Start of cover: the point from which the insurer bears the risk – see the article. Technical total loss: the vehicle cannot be restored to a roadworthy state. Termination of insurable interest: when the insured interest ceases (e.g. the car is sold), ending the policy. Territorial scope: the countries in which the cover applies – see the abroad article. Theft damage: the vehicle or its parts being stolen – see the article. Total loss: the umbrella term for technical and economic total loss. Vandalism: deliberate damage – typically claimable only with a police report.
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